Open Hand Ministries Inc

Analysis

Open Hand Ministries Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Open Hand Ministries Inc reported income of $491k and spending of $368k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $457k to $491k (+7.4%), an average of +1.8% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Open Hand Ministries Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within PA. Charities of a similar size with the same main cause include Wesleyan Woods ($491k), Pathway Vineyard Church of Woodbridge Inc ($491k) and Theos Seminary ($491k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $78k (21% of expenses). Other salaries and wages came to $64k. At year end it held assets of $735k against liabilities of $165k, net assets of $570k. It reported 9 employees.